Global Influence of Currencies - ExampleThe global forex market is by far the largest financial market with daily trading volume of more than $ 5 trillion - far exceeding other markets including stocks, stocks and commodities. However, the huge trading volume, the currency remains the main all the time. However, there are times when currencies move in a dramatic way, at times like that, the echoes of this movement can be truly felt throughout the world. Here are some lists of these events:

Asian Crisis 1997-98 - The Asian crisis started from the Thai baht devaluation in July 1997. The devaluation occurred that the baht was intolerably speculative, forcing the Thai central bank to depend on the US dollar and its currency unstable. This proved a financial collapse that spread to economies such as Indonesia, Malaysia, South Korea and Hong Kong. This led to bankruptcies in these countries and the stock market crashed.

I think we don't need it. Exchanges have worked out for centuries and I really doubt one currency would become accepted worldwide. This would require all governments to agree on something and since many countries have animosities it would never happen. Best case scenario a group of countries that are already working together, like the US or NATO could agree to a common currency. Why would they though? Introducing a new one would weaken the other.

Absolutely not! You centralise money, you centralise power, you end up in a totalitarian world. No thank you, not my cup of tea.

You are completely right . If all the countries have a global currency, evil powers can rule the world easily to realize their horrible goals. For that reason, Humanity do not need to have a global currency for sure.

Absolutely not! You centralise money, you centralise power, you end up in a totalitarian world. No thank you, not my cup of tea.

You are completely right . If all the countries have a global currency, evil powers can rule the world easily to realize their horrible goals. For that reason, Humanity do not need to have a global currency for sure.

I think that is the reason why we don't need to eliminate fiat currency in our economy. Let us say that bitcoin can be a global currency but it will lead always to a centralize power wherein few persons can control the whole world. Yes, we don't need to have a global currency.

the world is divided ideologically and economically invisible? so that the common currency should be at least a common platform, and then it is just like it does not have developed it has all the evolved globalized, or, to some extent, the commonality of laws based on human rights, the lack of slavery under any pretext, the totalitarian is another problem the country elite who are at the helm and these elites simply do not have a place in the developed world, the output of uni pka is one self-isolation or co-operation with a stamish. . but all these countries are very hugely with the economy. . so that this path is far from fruitful. . but this if you look from the side. . at the top it's hard to give up power .. even a nuclear totalitarian reliever basically serves to keep power at any cost, I have a nuclear bomb and if you decide to teach me how to cattle my cattle and how to get rid of it. . except this very large economic differences well financial situation ... suppose the budget of the whole of russia is equal to the budget of ONE AVERAGE STATE. ABOUT TECHNOLOGY AND LEVEL OF SALARY AT ALL. . by joining currencies it will be necessary and will join the borders by the type of the European Union and having a very large difference will not be able to withstand the massive displacement of the cattle.

Global currency is very important to create a global transaction.Global currency will helps us to transact money from the any corner of the world.That's why we need a global currency as soon as possible.

There would be a little something for everyone with a global currency. Developed nations would certainly benefit since there would no longer be currency risk in international trade. In addition, there would be somewhat of a leveling of the global playing field, since nations like China could no longer use currency exchange as a means to make their goods cheaper on the global market.